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Climate-tech Start-Up Newtral.io Secures Rs 6.4 Million Funding

Gurugram-based start-up accelerator, PedalStart, led the funding round

Climate-tech Start-Up Newtral.io Secures Rs 6.4 Million Funding

Outlook Start-Up Desk

POSTED ON July 26, 2023 2:41 PM

Newtral.io, a climate-tech company that develops enterprise sustainability software, has raised Rs 6.4 million in a funding round led by PedalStart, a Gurugram-based start-up accelerator focused on supporting early-stage start-ups.

The fund infusion will fuel Newtral.io's growth and accelerate the development of its product portfolio focused on carbon accounting and sustainability reporting needs. 

Commenting on the partnership, Avi Chudasama, Co-founder and CEO of Newtral.io, said, "We are thrilled to partner with PedalStart as we embark on our mission to help enterprises achieve net zero. This funding represents a major milestone accelerating our growth trajectory and enabling us to meet the increasing demand for sustainable solutions in global markets". 

Leveraging the power of the Newtral.io platform, enterprises can effectively measure their carbon emissions, identify areas for emissions reduction, create custom dashboards, and seamlessly adopt sustainable practices. Newtral.io's platform has garnered significant recognition for its versatility and effectiveness, attracting diverse organisations with a sustainability focus.

Dr. Sudarshan Dutta, advisor and carbon expert at Newtral.io stated that the company's approach of helping organisations go beyond carbon accounting data points and dashboard, setting reduction targets, and helping them solve behavioural challenges can be a great value addition for sustainability teams. 

Accurate Data collection (specifically at the Scope 3 level) and actionable insights have been a major challenge for organisations regarding climate action. Newtral.io is solving these challenges with its scalable technology offerings.

Anuraag Paul, co-founder and CMO of Newtral.io, added that by delivering comprehensive carbon accounting solutions, the start-up empowers its customers to achieve their sustainability objectives while navigating a dynamic regulatory landscape. "Our commitment to innovation, collaboration, and a design-led approach positions us as the preferred partner for organisations driving meaningful change and embracing a net-zero future," he emphasised. 

Founded in 2022, Newtral.io boasts a founding team with extensive experience in developing sustainable technology. Their expertise and a passion for environmental impact positions Newtral.io as a frontrunner in the industry.

"We are deeply impressed by the Newtral.io team and their commitment to building sustainable technology," commented Manas Pal and Aditya Darolia, co-founders of PedalStart. They further stated, "Newtral.io is uniquely positioned to support businesses on their journey towards achieving net zero, and we are excited to be part of their transformative vision". 

Launched in 2021, PedalStart helps build founders through their start-up ideas with the help of ex-entrepreneurs, successful start-up founders, domain experts, and angel investors. It has over 10,000 start-ups, 300 mentors, 800 founders building ideas, and 1200 house discussions.

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